Capital Loss

875 views 1 replies

IN ITR-4

where is to enter Amount of Capital Loss (Short term or Long term) for current year, as a sheet named "CG-OS" available, but if Short Term loss for current year no negative value can enter in it.

How to show current year Short Term Capital Loss or LTCL?

please guid

Thanks

Hasmukh patel

Replies (1)

SHORT TERM LOSS CAN BE SET OFF AGAINST SHORT TEM GAIN OR CARRIER FORWARD FOR NEXT YAER

BUT FOR C/F LOSS RETURN MUST BE FILE ON TIME

LONG TERM GAIN IS EXEMPT FROM TAX

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